An Adjustable Rate Mortgage (ARM) is a type of mortgage loan where the interest rate is not fixed for the entire term of the loan but can adjust periodically based on a specific index or benchmark. ARMs typically have lower initial interest rates compared to fixed-rate mortgages, which can make them attractive to borrowers who …
Mortgage subordination is a financial arrangement that involves changing the priority of existing mortgages or loans on a property. Subordination typically occurs when a borrower wants to take out a new loan or mortgage, and it affects the order in which creditors are paid if the borrower defaults on the loans. Here’s a detailed explanation …
Some of our clients have to sell before they buy, here are 9 great tips to selling your home. MISTAKE #1. USING A REAL ESTATE AGENT INSTEAD OF A REALTOR When you’re looking for help buying or selling property, it’s important to remember that the terms “real estate agent” and “Realtor” are not synonymous. Realtors …
